MidCap Business Credit Archives

MidCap Business Credit Closes on $12MM Credit Facility for Mattress Manufacturer

MidCap Business Credit closed on an $12 million senior secured credit facility for a manufacturer and assembler of mattresses and foundations.

February 22, 2023 MidCap Business Credit | Seth Cooper Ian Koplin

MidCap Business Credit Provides $5MM Credit Facility to Bonded Abrasive Products Supplier

MidCap Business Credit closed on an $5 million asset-based credit facility to a manufacturer and supplier of coated and bonded abrasive products throughout North America, Canada and Mexico. The credit facility is supported by advances against accounts receivable and inventory.

February 2, 2023 MidCap Business Credit Ian Koplin

One-Stop Shop: Midcap Enters The Equipment Finance Arena

MidCap Business Credit expanded its product offerings this year by launching MidCap Equipment Finance. Led by Saurin Shah, a co-founder of Nations Equipment Finance (now SLR Equipment Finance), the new business aims to help MidCap become a one-stop financing partner for the middle market.

SSG Capital Advisors Provides $12MM Asset-Based Facility to Panhandle Oilfield Services

SSG Capital Advisors acted as the investment banker to Panhandle Oilfield Services, a portfolio company of Argosy Private Equity, in the placement of a $12 million asset-based credit facility.

MidCap Completes $17MM Credit Facility for Virginia Explosives & Drilling Company

MidCap Business Credit completed a $17 million asset-based credit facility for Virginia Explosives & Drilling Company. The opportunity was sourced out of MidCap’s regional office in Baltimore.

July 11, 2022 Bruce Pavesich | Kevin Staton | MidCap Business Credit | Virginia Explosives & Drilling Company Ian Koplin

MidCap Business Credit Provides $5MM Asset-Based Credit Facility to Crozier Welding

MidCap Business Credit completed a $5 million asset-based credit facility for Crozier Welding. Founded in 1980 and headquartered in Coshocton, OH, Crozier Welding specializes in the design and manufacturing of oil and gas production equipment.

June 8, 2022 Bruce Pavesich | Crozier Welding | MidCap Business Credit Ian Koplin

MidCap Business Credit Completes $12MM Credit Facility to Responsible Energy Operations

MidCap Business Credit completed a $12 million asset-based credit facility for Responsible Energy Operations, a thermal coal mining and processing business headquartered in Petersburg, IN.

May 24, 2022 John Mick | MidCap Business Credit | Responsible Energy Operations | Seth Cooper Ian Koplin

MidCap Business Credit Completes $15MM Credit Facility for Walker Midwest and Walker West

MidCap Business Credit completed a $15 million asset-based credit facility for Walker Midwest and Walker West, which were formed to acquire the assets of Millenia Products Group and WAC pursuant to an Article 9 UCC sale.

MidCap Increases Credit Facility with Wells Fargo to Support New Equipment Finance Business

MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment finance vertical.

MidCap Forms Equipment Finance Entity, Hires Shah, Lightfoot and Berger to Lead

MidCap Business Credit formed a new entity, MidCap Equipment Finance, and hired a team of investment professionals to begin offering equipment loans and leases. Saurin Shah, co-founder of SLR Equipment Finance (formerly known as Nations Equipment Finance), will lead the new entity.

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